2026 December Term Q1 Financial Summary [Japanese GAAP] (Non-consolidated)

Overview of Business Results

For the first quarter of the 2026 December term, net sales amounted to 7,144 million yen (5.0% decrease YoY), operating income was 1,571 million yen (0.5% increase YoY), ordinary income was 1,415 million yen (5.3% decrease YoY), and quarterly net income amounted to 1,006 million yen (9.6% decrease YoY). By segment, the core Storage Business achieved decreased sales and increased profits with net sales of 6,079 million yen (4.4% decrease YoY) and operating income of 1,683 million yen (0.1% increase YoY). The Land Rights Development Business recorded net sales of 681 million yen (12.3% decrease YoY) and operating income of 134 million yen (36.4% increase YoY), while the Other Operational Services Business posted net sales of 382 million yen (1.4% decrease YoY) and operating income of 96 million yen (13.3% decrease YoY).

Financial Position and Earnings Forecast

Total assets were 65,441 million yen, total liabilities were 35,867 million yen, and total net assets were 29,574 million yen, resulting in an equity ratio of 45.2%. The number of issued shares stood at 51,763,600 shares, unchanged from the same period last year, and treasury shares were 931,632 shares. There has been no revision to the full-year earnings forecast for the 2026 December term, projecting net sales of 28,500 million yen (7.9% increase YoY), operating income of 5,850 million yen (6.9% increase YoY), and net income of 3,715 million yen (0.3% increase YoY). The dividend forecast remains unchanged at 26.50 yen annually (13.00 yen interim, 13.50 yen year-end).